BUYOUT AGREEMENT. This Agreement shall be conditioned upon the execution of a separate buyout agreement substantially similar to the agreement attached hereto as Exhibit F.
BUYOUT AGREEMENT. In the event that LESSEE wishes to vacate the leased premises before the expiration of the term provided herein, LESSEE(S) must give a thirty (30) day written notice on or before the 1st of the month in which they intend to vacate, LESSEE must then pay a fee equal to two (2) months rent. Landlord may, at its option, release LESSEE from further liability for future rent hereunder by acceptance of the payment of two (2) months rent PLUS retention of the Security Deposit. This shall constitute a reasonable sum as and for liquidated damages, it being further agreed that the Landlord's damages in such event would be difficult, if not impossible, to ascertain. Landlord shall be deemed to have exercised its option in this regard only by accepting payment and tendering a proper release form to LESSEE. This clause is contingent upon LESSEE surrendering the premises in a timely manner and in good condition, ordinary wear and tear accepted. The premises shall be considered vacated only after all areas including storage areas are clear of all LESSEE belongings, and keys and other property furnished for LESSEE'S use are returned to LESSOR.
BUYOUT AGREEMENT. A. Retirement Severance Benefits
BUYOUT AGREEMENT. 37. In the event of a Member's interest in the Company becoming for sale, due to any reason, the remaining Members of the Company have a right of first purchase on the interest. The value of the interest in the Company will be determined as outlined in the Valuation of Interest section of this Agreement.
BUYOUT AGREEMENT. Community School for Creative Education agrees to pay Norton & Associates Inc the placement fee for any Norton & Associates, Inc. employee hired by Community School for Creative Education during the term of this Agreement according to the following schedule: 0-30 working days 18% of annual salary 31-60 working days 15% of annual salary 61-90 working days 10% of annual salary 91-120 working days 8% of annual salary 121-180 working days 6% of annual salary 181+ working days No placement fee The noncompete agreement is waived in this instance.
